652
Google layoffs: Sundar Pichai-led company fires entire Python team for ‘cheaper labour’
(www.hindustantimes.com)
this post was submitted on 29 Apr 2024
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Just for the sake of comparison, Alphabet had $308 billion in revenue and $74 billion in profit in 2023 if I’m reading the numbers correctly. But they need cheaper labour.
Publicly traded companies do not have a duty to pay their workers, they have a duty to pay their shareholders and to maximize profits.
If you can get the same job done overseas for less money why would you pay american labor? what's the benefit?
Not saying I like the system, just saying that's how it is. Gotta have some kind of fine or penalty for outsourcing, offshoring and 1099 contracting labor if you really want to fix it.
Shit should be changed but the majority election system is funded by the ownership class who greatly benefits from this not changing.